Filing Details
- Accession Number:
- 0000014693-11-000099
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-09-19 17:40:37
- Reporting Period:
- 2009-01-07
- Filing Date:
- 2011-09-19
- Accepted Time:
- 2011-09-19 17:40:37
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 14693 | Brown Forman Corp | BFA, BFB | Beverages (2080) | 610143150 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1197231 | Brown Dace Stubbs | 850 Dixie Highway Louisville KY 40210 | Yes | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common | Disposition | 2009-01-07 | 11,023 | $0.00 | 2,885,323 | No | 4 | G | Indirect | Log House Partners Ltd. |
| Class A Common | Acquisiton | 2009-01-07 | 11,023 | $0.00 | 11,023 | No | 4 | G | Indirect | Spouse |
| Class A Common | Disposition | 2009-01-07 | 11,023 | $0.00 | 0 | No | 4 | G | Indirect | Spouse |
| Class A Common | Disposition | 2009-02-01 | 118,911 | $0.00 | 2,885,323 | No | 4 | J | Indirect | Log House Partners Ltd. |
| Class A Common | Disposition | 2009-09-22 | 11,023 | $0.00 | 2,885,323 | No | 4 | G | Indirect | Log House Partners Ltd. |
| Class A Common | Disposition | 2010-01-15 | 3,185 | $0.00 | 2,885,323 | No | 4 | S | Indirect | Log House Partners Ltd |
| Class A Common | Disposition | 2011-03-01 | 60,515 | $0.00 | 2,885,323 | No | 4 | S | Indirect | Log House Partners Ltd. |
| Class A Common | Acquisiton | 2011-09-15 | 1,249,846 | $69.41 | 1,261,396 | No | 4 | J | Direct | |
| Class A Common | Disposition | 2011-09-15 | 1,249,846 | $69.41 | 1,421,270 | No | 4 | J | Indirect | DBS 2007 Trust |
| Class B Common | Disposition | 2009-01-07 | 2,756 | $0.00 | 721,330 | No | 4 | G | Indirect | Log House Partners Ltd. |
| Class B Common | Acquisiton | 2009-01-07 | 2,756 | $0.00 | 2,756 | No | 4 | G | Indirect | Spouse |
| Class B Common | Disposition | 2009-01-07 | 2,756 | $0.00 | 0 | No | 4 | G | Indirect | Spouse |
| Class B Common | Disposition | 2009-02-01 | 29,728 | $0.00 | 721,330 | No | 4 | J | Indirect | Log House Partners Ltd. |
| Class B Common | Disposition | 2009-09-22 | 2,756 | $0.00 | 721,330 | No | 4 | G | Indirect | Log House Partners Ltd. |
| Class B Common | Disposition | 2010-01-15 | 796 | $0.00 | 721,330 | No | 4 | S | Indirect | Log House Partners Ltd. |
| Class B Common | Disposition | 2011-03-01 | 15,129 | $0.00 | 721,330 | No | 4 | S | Indirect | Log House Partners Ltd. |
| Class B Common | Acquisiton | 2011-09-15 | 312,461 | $69.68 | 319,068 | No | 4 | J | Direct | |
| Class B Common | Disposition | 2011-09-15 | 312,461 | $69.68 | 355,318 | No | 4 | J | Indirect | DBS Trust 2007 |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | G | Indirect | Log House Partners Ltd. |
| No | 4 | G | Indirect | Spouse |
| No | 4 | G | Indirect | Spouse |
| No | 4 | J | Indirect | Log House Partners Ltd. |
| No | 4 | G | Indirect | Log House Partners Ltd. |
| No | 4 | S | Indirect | Log House Partners Ltd |
| No | 4 | S | Indirect | Log House Partners Ltd. |
| No | 4 | J | Direct | |
| No | 4 | J | Indirect | DBS 2007 Trust |
| No | 4 | G | Indirect | Log House Partners Ltd. |
| No | 4 | G | Indirect | Spouse |
| No | 4 | G | Indirect | Spouse |
| No | 4 | J | Indirect | Log House Partners Ltd. |
| No | 4 | G | Indirect | Log House Partners Ltd. |
| No | 4 | S | Indirect | Log House Partners Ltd. |
| No | 4 | S | Indirect | Log House Partners Ltd. |
| No | 4 | J | Direct | |
| No | 4 | J | Indirect | DBS Trust 2007 |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class B Common | Non-Qualified Stock Option (right to buy) | $24.70 | 2002-05-01 | 2012-04-30 | 4,085 | 4,085 | Direct |
| Class B Common | Non-Qualified Stock Option (right to buy) | $30.18 | 2003-05-01 | 2013-04-30 | 3,923 | 3,923 | Direct |
| Class B Common | Non-Qualified Stock Option (right to buy) | $35.83 | 2004-07-22 | 2014-04-30 | 3,053 | 3,053 | Direct |
| Class B Common | Stock Appreciation Rights | $45.53 | 2005-07-28 | 2015-04-30 | 3,550 | 3,550 | Direct |
| Class B Common | Stock Appreciation Right | $55.69 | 2006-07-27 | 2016-04-30 | 3,023 | 3,023 | Direct |
| Class B Common | Stock Appreciation Right | $53.80 | 2007-07-26 | 2017-04-30 | 3,756 | 3,756 | Direct |
| Class B Common | Stock Appreciation Right | $56.58 | 2008-07-24 | 2018-04-30 | 3,447 | 3,447 | Direct |
| Class B Common | Stock Appreciation Right | $43.10 | 2009-07-23 | 2019-04-30 | 4,236 | 4,236 | Direct |
| Class B Common | Deferred Stock Units | $0.00 | 406 | 1,419 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2012-04-30 | 4,085 | 4,085 | Direct |
| 2013-04-30 | 3,923 | 3,923 | Direct |
| 2014-04-30 | 3,053 | 3,053 | Direct |
| 2015-04-30 | 3,550 | 3,550 | Direct |
| 2016-04-30 | 3,023 | 3,023 | Direct |
| 2017-04-30 | 3,756 | 3,756 | Direct |
| 2018-04-30 | 3,447 | 3,447 | Direct |
| 2019-04-30 | 4,236 | 4,236 | Direct |
| 406 | 1,419 | Direct |
Footnotes
- As the sole general partner of Log House Partners Ltd., the reporting person reports the shares held by Log House Partners Ltd. in the aggregate but disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
- On February 1, 2009, two trusts in which the reporting person does not have a pecuniary interest contributed cash to Log House Partners Ltd. in exchange for limited partnership interests.
- On January 15, 2010 and March 1, 2011, five trusts in which the reporting person does not have a pecuniary interest purchased limited partnership interests of Log House Partners Ltd. from the reporting person.
- On September 14, 2011, in an estate-planning-related transaction, Log House Partners Ltd. dissolved and distributed its assets (including shares of the issuer) to its partners pro rata. The reporting person received 9,550 shares of the issuer's Class A Common Stock and 2,386 shares of the issuer's Class B Common Stock. The Dace Brown Stubbs 2007 Irrevocable Trust (the "2007 Trust"), a limited partner of Log House Partners Ltd. in which the reporting person has a pecuniary interest, received 2,671,116 Class A shares and 667,779 Class B shares. The share totals appearing herein have been updated to reflect these distributions.
- On September 15, 2011, in a separate estate-planning-related transaction, the 2007 Trust transferred issuer shares to the reporting person in payment of a debt previously contracted. The reporting person continues to have a pecuniary interest in the shares held by the 2007 Trust but disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
- Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share of the Company's Class B common stock. Grants made on July 28, 2011, were based on the closing price of the Company's Class B common stock on that date ($73.95). On each dividend payment date, participants are credited with DSU equivalents.
- Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in class B common stock on the first February 1 that is at least six months following the Director's termination from Board service.
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